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CJ CheilJedang acquires Schwan’s Co.

Schwan’s Co. is now operating as a subsidiary of CJ CheilJedang.

March 4, 2019

CJ CheilJedang (CJCJ), a South Korea-based food processor, acquired Schwan’s Co., Bloomington, Minn., and several of its subsidiaries.

South Korean firm scoops up 80% stake in Schwan’s Co.

The Schwan family will retain 20% ownership in the businesses being sold and will retain 100% ownership in Schwan’s Home Service, Inc.

November 15, 2018

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Schwan’s Co., Minneapolis, reached an agreement to sell a majority stake of the company to CJ CheilJedang (CJCJ), Seoul, South Korea.

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Refrigerated & Frozen Foods Magazine

Refrigerated & Frozen Foods September 2019

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